SPXX News and Press, Nuveen S&P 500 Dynamic Overwrite Fund From 05/24/23

2023-05-24 05:44:41 ET Summary SPXX is an equity buy-write closed-end fund from the Nuveen family. The CEF has posted a negative total return so far in 2023, when the S&P 500 is up more than 10%, and other buy-write CEFs have delivered. SPXX's structure does not fully take...

2023-05-12 09:15:00 ET Summary XYLD yields ~11% and pays a variable monthly distribution. The XYLD ETF uses Covered Calls on the S&P 500 to generate monthly income and offers some downside protection to investors. We compare XYLD's performance, yield, and valuation to othe...

2023-03-27 05:00:27 ET If there’s one thing we can be thankful for when it comes to the banking crisis, it’s this: at least it means fewer headlines about Fed rate hikes! That’s actually a good thing for us, because, as the Fed statement hinted on Wednesday, the Fed...

With the markets off to a hot start so far this year, it’s only natural to think things just might be getting a little toppy. I get it—and the truth is, this market is not without the risk of a short-term pullback. Here’s the good news: if this possibility has you...

Summary The SPXX fund dynamically sells calls on 35-75% of the notional value of the fund. It pays an attractive 7.5% forward yield. Overwriting strategies trade off return upside for premium income. This causes total returns to suffer in the long-run. The Nuveen S&P 5...

Summary QQQX and SPXX are equity option income CEFs. QQQX and SPXX are overvalued relative to their recent history. Alternatives for each fund are suggested. Author's note: This article was released to CEF/ETF Income Laboratory members as part of the CEF Weekly Rou...

A recession is on the way—and stocks are … rallying? It makes zero sense on the surface, but there is good reason for the bounce we’ve seen this week. And we’re going to play it with a 7.3%-paying fund that’s set to roll higher with a recovering ma...

Summary Covered call funds have outperformed YTD. SPXX is a strong S&P 500 covered call fund, and a good long-term investment. SPXX currently trades with a historically above-average 8.5% premium to NAV, and is not a buy at these levels. Author's note: This article...

Plenty of folks are starting to look toward the new year, and I’m getting a lot of questions about my outlook for high-yield closed-end funds (CEFs) for the rest of ’22 and into ’23. Of course, no one has a crystal ball when it comes to CEFs, stocks or the economy i...

Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. Real estate CEFs lag. OPP rights offering expires. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 21, 2022. Pleas...